Markets close in a positive mood

7 Aug 2023 , 03:40 PM

Indian benchmark indices closed in an uplifted sentiment riding on gains in IT and Pharma stocks. Nifty 50 closed 81 points higher. Sensex closed with a gain of 235 points.

In today’s trade, markets continued their previous session’s rally, driven majorly by positive earnings releases, even though investors remain cautious ahead of a data-heavy week. US inflation data and the Reserve Bank of India’s monetary policy outlook are set to be released this week.

Nifty Bank and Media stocks closed slightly under pressure. Nifty IT, Pharma, and Healthcare stocks closed with an uptick of over 1%. All other sectoral indices closed in a boosted sentiment.

Divis Lab, Mahindra & Mahindra, SBI Life, Sun Pharma, and LTIMindtree emerged as the biggest gainers in the nifty pack today. On the flip side were Britannia Industries, Bajaj Auto, SBI, Tata Motors, and Axis Bank.

Most active stocks in terms of value were HDFC Bank, SBI, ICICI Bank, Mahindra & Mahindra, and Adani Enterprises. In terms of volume, the most active stocks were SBI, Tata Steel, ICICI Bank, HDFC Bank, and NTPC.

A total of 168 stocks touched new 52-week highs in today’s trade and 19 touched new 52-week lows.